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Topic: Biden and Cryoto - page 2. (Read 1201 times)

legendary
Activity: 3514
Merit: 1280
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November 17, 2020, 05:29:19 AM
The worse things are in the US, the worse it will be for the whole world in General, and BTC in particular

Your reasoning is quite correct

But your premises are quite shaky. That is to say, crypto won't be a lot better than the world around it, but what would make the world a much worse place than it is now? You essentially say that Biden is going to destroy the American economy (or substantially impair). But is this really so? 

When you think that BTC is a fully decentralized currency, you forget the simplest truth - you can't buy it without using dollars. And when your entry point suffers, so does everything that comes after it

It is not about dollars

You can buy Bitcoin with, say, rubles. Kidding aside, cryptocurrencies are not possible without people supporting them and using them. After all, who would care about dollars if you could pay for things with crypto directly?
sr. member
Activity: 854
Merit: 264
Crypto is not a religion but i like it
November 17, 2020, 03:14:14 AM
Let me be specific to only bitcoin, Biden or no Biden, Trump or no Trump, bitcoin will always prosper. Its prosperity is not in the hand of anyone because it is not a centralized currency, it is completely decentralized and open source. People are getting to know it and embrasing it. Let us just expert more prosperity for bitcoin as it is becoming the first truly sovereign currency.

You will be very surprised if you learn that the" prosperity " of BTC depends on its demand.
If the US economy goes down under Biden, then BTC will also go down-simply because people who already lost a lot of money during the pandemic, just to survive, will have even fewer of them after the new economic "exploits" of Biden and his team. And all this will pull BTC down again and it will be impossible to stop it.
It seems to me that just the same in the next couple of years we should expect a very strong drop in BTC, and maybe even a record. The worse things are in the US, the worse it will be for the whole world in General, and BTC in particular.
When you think that BTC is a fully decentralized currency, you forget the simplest truth - you can't buy it without using dollars. And when your entry point suffers, so does everything that comes after it.

hero member
Activity: 2660
Merit: 551
November 17, 2020, 03:11:22 AM
Crypto don't care about leaders, whether they are in or out it doesn't really matter. In my opinion cryptocurrency is already a mature investment, it can't be easily influence or dectate by any leaders around the globe. The power of decentralization is so much powerful than we think, crypto is freedom and empowering citizens.

I don't know how can you say that crypto is already mature, I mean its like just 10 years, still in its infancy if you're going to ask me. We can't even derived a proper data set from it because dat is too small. But I agree that crypto doesn't care about leaders, but those leaders can spell doom to us if they are a hardliner, no-coiner, anti-crypto. Good though that Biden is not like that so still a win win situation for us as he is going to be the next US President next year.
hero member
Activity: 491
Merit: 1259
Nihil impunitum
November 16, 2020, 10:05:51 AM
IMO, much more important to bitcoin is the support of Senate
sr. member
Activity: 1540
Merit: 420
www.Artemis.co
November 16, 2020, 08:46:23 AM
Crypto don't care about leaders, whether they are in or out it doesn't really matter. In my opinion cryptocurrency is already a mature investment, it can't be easily influence or dectate by any leaders around the globe. The power of decentralization is so much powerful than we think, crypto is freedom and empowering citizens.
hero member
Activity: 1008
Merit: 540
November 16, 2020, 08:13:58 AM
Do not expect for the new administration to be on the side of cryptocurrency. Remember that almost all goverment are in doing centralized system and it is completely opposite to cryptocurrency.
However, we can be also get surprise by the new admin. Who knows that it will going to support cryptocurrency. But whatever it will be the best thing to do is not to expect anything from it so it will not going to hurt us the crypto community. With or without them cryptocurrency working just fine.
Well even there's no president to support bitcoin, bitcoin is always prosper to grow and still continue to grow , it is really centralize system where other crypto currencies support bitcoin. I not even surprise if the new administration not support bitcoin, However if there's an 1 people who have courage to introduce it into administrator and then make a good impact to it maybe we can expect more than to expect.
member
Activity: 462
Merit: 14
November 16, 2020, 07:50:42 AM
Do not expect for the new administration to be on the side of cryptocurrency. Remember that almost all goverment are in doing centralized system and it is completely opposite to cryptocurrency.
However, we can be also get surprise by the new admin. Who knows that it will going to support cryptocurrency. But whatever it will be the best thing to do is not to expect anything from it so it will not going to hurt us the crypto community. With or without them cryptocurrency working just fine.
sr. member
Activity: 1344
Merit: 250
November 16, 2020, 07:32:39 AM
How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.

What are your views?
is that too influential? I don't think you can see that from time to time, cryptocurrency is getting more and more famous and has become a very popular investment place at this time you need to know that currently the development is very wide and it has happened during hard times bitcoin remains firmly held at high prices bitcoin is a place the best investment for many people and the trade has become higher the volume level per day which is certainly what attracts many people.
member
Activity: 630
Merit: 10
November 16, 2020, 12:06:29 AM
I like Biden, I also believe Biden will have a positive impact on cryptocurrencies,
because we know America is a big country and will compete with China,
China is also now going to launch digital yuan, and of course USA will not be left behind and Blockchain will be atention Biden in 2021.
full member
Activity: 854
Merit: 140
November 14, 2020, 09:13:57 AM
Looking for Joe Bidden background we don't get he called with cryptocurrency as best payment currency at the future and become revolution how to break up United State economic. Almost all political in the world still lower knowledge with bitcoin and cryptocurrency, they don't know what is benefit from cryptocurrency for adopting as currency payment. I believe is not get any impact for bitcoin after Joe Bidden win as United State president election after beating Donald Trump. Maybe Joe Bidden is not bad like Donald have give bad reputation for bitcoin where always Trump make controversial for bitcoin going down. Just hope what will Bidden decision for bitcoin at the future in United State, still the same like Donald Trump decision or become better for bitcoin after Joe Bidden as United State president.
legendary
Activity: 2884
Merit: 1117
November 14, 2020, 08:30:52 AM
With more people in his cabinet that is very much in favor of crypto, Biden already looks like a president who would be more fair to crypto. I am not saying it will be a guaranteed 100% deal but at least he looks like he will give power to many other people instead of trying to collect all the power in himself, that was what Trump was having trouble with, he wanted all the power to himself and that is not something people are willing to overlook and why Trump lost.

Checks and balances are important in government management and Biden will give economical management and advising to people who were employed by or at least interested in bitcoin world. So at the end of the day we will have to wait and see but I am guessing much better 4 years than what we had previously.
hero member
Activity: 2282
Merit: 659
Looking for gigs
November 14, 2020, 06:23:23 AM
How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.

What are your views?

No matter if Biden is supporting or against Bitcoin, it will always flourish no matter what. I don't mind which side Biden is in, but Bitcoin is here to stay for a very long time. I don't even care about Trump's statements against Bitcoin, he cannot stop it from further growing on a gradual basis.
hero member
Activity: 1974
Merit: 534
November 14, 2020, 01:29:26 AM
I think Biden is more open to new ideas than Trump. Trump once tweeted how he considered Bitcoin and crypto to be fraud and money from thin air. While the approach of Biden is a bit different. He is open to new ideas and uses of technology. With "science" as in his manifesto, I think he will look into the matter of Bitcoin and Crypto with positive eyes.


I think Biden is good for the crypto world too. Just by looking at the prices of the biggest crypto coins we see that almost all of the rallied since the USA election. Bitcoin alone is almost up 60% over the last few weeks. In my opinion the Democrats are more open towards free trade and will likely cancel some of Trump protectionistic economic reform. Hopefully we will see higher prices through out the next for your years in the crypto world.
member
Activity: 1120
Merit: 30
Bisq Market Day - March 20th 2023
November 14, 2020, 01:15:28 AM
Biden really promise during his campaign rally that he will do something that will give all the crypto users joy, if they vote for him become US president. Biden is man many people want to become the president of US because he is a hardworking man which he will do everything possible to make bitcoin and crypto users to improve in the area of exchange market. I think with the promised Joe Biden made during his campaign show he will definitely tell the central bank to print more money to support all the crypto users to invest more and earn more in their business. Biden administration will really concentrate on economy of the country and institution which will help the citizens to improve in their business and also in their studies in the country.
full member
Activity: 1022
Merit: 133
November 14, 2020, 12:56:26 AM
#99
I think Biden is more open to new ideas than Trump. Trump once tweeted how he considered Bitcoin and crypto to be fraud and money from thin air. While the approach of Biden is a bit different. He is open to new ideas and uses of technology. With "science" as in his manifesto, I think he will look into the matter of Bitcoin and Crypto with positive eyes.
member
Activity: 2044
Merit: 16
November 13, 2020, 10:55:58 PM
#98
As bitcoin's concern it cannot be govern by anyone else by government or banks because it can live and prosper on its own thru the support of the crypto communities, adopters like us and investors most importantly. It will not matter who's the president will be because bitcoin is independent that can overcome adversaries and cannot be slow down by any political issues. In fact, bitcoin is soaring despite the bad economy due to corona virus crisis.
hero member
Activity: 2296
Merit: 506
Cryptocasino.com
November 13, 2020, 08:42:40 PM
#97
Don't expect too much. Remember the recent hacking occured to biden's social media account by some random hackers that demands donation in btc? Pretty sure it's gonna gives a bad impression to biden and now he's president.
However crypto just gonna be normal like this in the future I suppose. I mean many people in the US already knows crypto and what government need right now is the law for them to tax it. Keeps your expectation low I guess.
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
November 13, 2020, 08:23:46 PM
#96
Whether it's Trump's or Biden's administration, I don't care, all I know is that bitcoin will still keep breaking limits, we don't need any of them to know where crypto is heading to, just like we didn't need them years back, cryptocurrency is way bigger than these two people it's global now and it is a decentralized currency so all people who use will decide if it will keep prospering or not, even Trump who is an anti crypto  couldn't stop it from prospering, so we don't need these two to know the fate of crypto.

I also don't think they will have significant impact on the current state of crypto. Because they will not directly support the usage of crypto or bitcoin for some reasons like not to disrupt the current financial system. So for me, with or without him, our crypto activity will go on and continue to thrive. BTC already reached this far without their support, so don't think we will need them to move forward.
If Trump administration despite his influence and as a head of a world power could not take any negative decision against Bitcoin even though he is not a fan of Bitcoin neither will Biden administration take any decisive action against it too.
A supporter of Biden donated some amount of funds toward his campaign with Bitcoin, his administration will quite  lend his support towards cryptos, I believed his coming to power will ensure formulating new policies that will ensure more growth and adoption of Bitcoin.
hero member
Activity: 1498
Merit: 586
November 13, 2020, 06:22:12 PM
#95
Whether it's Trump's or Biden's administration, I don't care, all I know is that bitcoin will still keep breaking limits, we don't need any of them to know where crypto is heading to, just like we didn't need them years back, cryptocurrency is way bigger than these two people it's global now and it is a decentralized currency so all people who use will decide if it will keep prospering or not, even Trump who is an anti crypto  couldn't stop it from prospering, so we don't need these two to know the fate of crypto.

yeah, Bitcoin should not be dependable to Trump or Biden, because it is a global decentralized network, and should be prune to political changes in ideal situation
of course, we do not live in ideal situation, and some law and regulation changes could have a lot of influence on Bitcoin acceptance
Yes if a government will take over or regulates this thing expect that bitcoin is no longer our bitcoin before, or the feuture of it will be lessen we cannot fully maximize bitcoin and could be result to price drop because of this thing. I would be happy if they will not ban people  to use it, nothing else.
legendary
Activity: 2156
Merit: 1151
Nil Satis Nisi Optimum
November 13, 2020, 04:38:06 PM
#94
Whether it's Trump's or Biden's administration, I don't care, all I know is that bitcoin will still keep breaking limits, we don't need any of them to know where crypto is heading to, just like we didn't need them years back, cryptocurrency is way bigger than these two people it's global now and it is a decentralized currency so all people who use will decide if it will keep prospering or not, even Trump who is an anti crypto  couldn't stop it from prospering, so we don't need these two to know the fate of crypto.

yeah, Bitcoin should not be dependable to Trump or Biden, because it is a global decentralized network, and should be prune to political changes in ideal situation
of course, we do not live in ideal situation, and some law and regulation changes could have a lot of influence on Bitcoin acceptance
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